First Quarter 2025 Financial Highlights - Global Contract Value (CV) increased by 6.7% to $5.1 billion[10] - Consolidated Revenues grew by 4.2% to $1.534 billion, or 5.7% on an FX Neutral basis, with a 69.0% Contribution Margin[10] - Research Revenues increased by 4.2% to $1.322 billion, or 5.8% on an FX Neutral basis, achieving a 74.5% Contribution Margin[10] - Adjusted EBITDA rose by 0.7% to $385 million, or 2.9% on an FX Neutral basis, resulting in a 25.1% Adjusted EBITDA Margin[10] - Adjusted EPS increased by 1.7% to $2.98[10] - Free Cash Flow reached $288 million[10] Updated 2025 Financial Guidance - Consolidated Revenues are projected to be at least $6.535 billion[11] - Adjusted EBITDA is expected to be at least $1.535 billion[11] - Adjusted EPS is forecasted to be at least $11.70[11] - Free Cash Flow is anticipated to be at least $1.145 billion[11] Capital Allocation - Share repurchases amounted to $163 million in Q1 2025[10]

Engineering delivers strong year-over-year gains and internal growth First quarter operating highlights: "We're pleased with our operating results for the quarter, which met expectations and keep us on track to achieve our full-year targets," said Jay S. Hennick, Chairman & CEO of Colliers. "When we set our outlook for the year, we took a conservative stance given the macroeconomic and political uncertainty - and we're glad we did. At Colliers, market volatility has never derailed our focus on creating valu ...

Core Viewpoint - Centerra Gold Inc. reported its first quarter 2025 operating and financial results, highlighting positive free cash flow, unchanged production guidance, and ongoing project advancements, particularly at the Kemess project [2][3]. Operations - Consolidated gold production for Q1 2025 was 59,379 ounces, with 35,880 ounces from Mount Milligan and 23,499 ounces from Öksüt [6][11]. - Copper production in the quarter was 11.6 million pounds [6]. - Mount Milligan produced 35,880 ounces of gold and 11.6 million pounds of copper, lower than planned due to lower gold grades [23]. - Öksüt produced 23,499 ounces of gold, also lower than planned due to lower grades and unfavorable weather conditions [27]. Financial - First quarter 2025 revenue was $299.5 million, a decrease of 2% from $305.8 million in Q1 2024 [9]. - Net earnings for Q1 2025 were $30.5 million, or $0.15 per share, down 54% from $66.4 million in Q1 2024 [11]. - Cash provided by operating activities was $58.6 million, with free cash flow of $10.0 million [11]. - The company maintained a strong cash position of $608 million, ensuring financial flexibility for ongoing projects [3][10]. Growth Initiatives - The company is advancing a Preliminary Economic Assessment on the Kemess project, expected to be completed by the end of 2025 [3]. - The updated mineral resource at Kemess includes 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources [8]. - Exploration guidance for Kemess has been doubled to between $10 million and $12 million for 2025, focusing on infill drilling and high-grade mineralization [3][8]. Capital Expenditures - Total capital expenditures in Q1 2025 were $46.9 million, with $68.1 million in additions to property, plant, and equipment [11]. - Non-sustaining capital expenditures were $25.8 million, primarily related to the restart of Thompson Creek [11][33]. Guidance - The company maintains its 2025 production guidance of 270,000 to 310,000 ounces of gold and 50 to 60 million pounds of copper [15][16]. - Gold production costs for Q1 2025 were $1,271 per ounce, with all-in sustaining costs of $1,491 per ounce [11][16].

1Q25 Earnings Presentation May 2025 Disclaimer Cautionary Statement Regarding Forward-Looking Information Investor Contacts This presentation contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not statements of historical fact and reflect Coterra's current views about future events. Such forward-looking statements include, but are not limited to, statements about returns to shareholders, growth rates, enhanced shareholder value, reserves ...

Financial Performance & Capital Allocation - Diamondback generated $1,545 million of Free Cash Flow ("FCF") in Q1 2025 ($5.33/share) and $1,583 million of Adjusted FCF ($5.47 / share)[18] - The company expects to generate at least $4.7 billion of Adjusted FCF in 2025 at current commodity prices[18] - Diamondback returned $864 million to stockholders in Q1 2025, representing ~55% of Q1 2025 Adjusted FCF, through base dividend and share repurchases[15, 18] - The company has a $6.0 billion share buyback authorization in effect, with ~$1.8 billion remaining[18] - Diamondback is committed to returning at least 50% of quarterly FCF to stockholders[18] Production & Operations - Q1 2025 oil production was 475.9 Mbo/d (850.7 Mboe/d)[25] - The company's unhedged realized cash margin was 77% in Q1 2025[25] - Total operating cash expenses were $10.48 per Boe in Q1 2025[25] - The company's oil production per $MM of CAPEX was 45.5 (Mbo / $MM CAPEX) in Q1 2025[25] 2025 Guidance - Full year 2025 oil production guidance is 480 – 495 Mbo/d (857 – 900 Mboe/d)[58] - Full year 2025 CAPEX budget is $3.4 – $3.8 billion[58]

Financial Data and Key Metrics Changes - Ending Annual Recurring Revenue (ARR) for Q1 was $20 million compared to $23.9 million for Q1 last year, representing a year-on-year decline of 16% [15] - Total revenue was $9.4 million, a decrease of $600,000 or 6% from $9.9 million in Q1 last year [16] - Subscription revenue accounted for 57% of total revenue for the quarter, decreasing 8% from $5.8 million to $5.3 million [16] - Free cash flow usage decreased from $8.6 million in Q1 last year to $5.6 million in Q1 this year [20] Business Line Data and Key Metrics Changes - Subscription revenue would have increased by $600,000 or 13% if excluding the impact of an expired commercial contract [16] - Service revenue decreased 3% from $4.2 million to $4.1 million, reflecting lower government service revenue [16] - Subscription gross profit margin was 86% for the quarter, down one percentage point from Q1 last year [18] Market Data and Key Metrics Changes - The company expects to see higher cash flow usage in Q2 due to increased legal and public relations costs [21] - Government service revenue was down 17%, reflecting a lower annual program budget [17] Company Strategy and Development Direction - The company has narrowed its focus to three specific opportunity sets: retail loss prevention, physical authentication, and digital authentication [4] - The company aims to achieve sustainable free cash flow generation for the first time in over twelve years and expects significant top-line growth in 2026 and beyond [7] - The company is positioned to benefit from historical work outside its current focus areas while tightening its go-to-market strategy [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for revenue growth from gift card solutions, expecting it to be a significant driver of 2025 ARR [28] - The company is focused on optimizing long-term decisions rather than short-term gains, particularly in digital authentication [12] - Management highlighted the importance of executing well in Belgium to prove the value of their technology and drive adoption [40] Other Important Information - The company has formed partnerships with major clients, including Unilever, to enhance its digital link offerings [13] - The company anticipates that subscription gross margins may be lower in the next couple of quarters due to ongoing consolidation of legacy platforms [18] Q&A Session Summary Question: What is the potential for revenue and ARR from gift card opportunities in 2025? - Management expects gift cards to be a significant driver of 2025 ARR growth and is focused on catalyzing adoption this year [28] Question: Are price-sensitive renewals impacting ARR growth in Q1 and Q2? - Management indicated that while there is some impact from price-sensitive renewals, it is not material enough to call out specifically [32] Question: Can you provide initial proof points regarding the deal in Belgium? - Management noted that the initiative is still in early stages, but there is potential upside as it moves forward [36] Question: How should investors think about ARR trajectory by year-end? - Management reiterated the goal of achieving non-GAAP profitability by Q4 and highlighted gift cards as a significant driver for ARR [45] Question: What is the total addressable market (TAM) for gift cards? - Management estimates the U.S. market for gift cards to be between $900 million and $1.5 billion, with growth vectors including pricing strategies and new features [47]

Core Insights - Diamondback Energy, Inc. reported strong financial and operational results for Q1 2025, with a focus on free cash flow generation amid commodity price volatility [1][2][3]. Financial Performance - Q1 2025 net income was $1.4 billion, or $4.83 per diluted share, with adjusted net income of $1.3 billion, or $4.54 per diluted share [9][38]. - Net cash provided by operating activities was $2.4 billion, with operating cash flow before working capital changes at $2.5 billion [8][40]. - Free cash flow for Q1 2025 was $1.5 billion, and adjusted free cash flow was $1.6 billion [11][41]. - The company declared a base cash dividend of $1.00 per share, implying a 2.9% annualized yield based on the closing share price of $136.81 on May 2, 2025 [8][15]. Operational Highlights - Diamondback drilled 124 gross wells and completed 123 wells in Q1 2025, with significant activity in the Midland Basin [5][6]. - Average oil production was 475.9 MBO/d, with total equivalent unhedged realized price at $47.77 per BOE [12][34]. - The company expects to drill 385 - 435 gross wells and complete 475 - 550 gross wells in 2025, with full-year oil production guidance of 480 - 495 MBO/d [17][18]. Capital Expenditures and Guidance - Cash capital expenditures for Q1 2025 totaled $942 million, with full-year guidance set at $3.4 - $3.8 billion [10][18]. - The company is adjusting its capital budget to prioritize free cash flow generation due to recent commodity price weakness [3][17]. Share Repurchase Program - In Q1 2025, Diamondback repurchased approximately 3.7 million shares for $575 million, with a total of about 30.2 million shares repurchased to date [16][16]. Debt and Liquidity - As of March 31, 2025, Diamondback had $1.3 billion in cash and no borrowings under its revolving credit facility, with total liquidity of approximately $3.8 billion [14][14]. - Consolidated total debt increased to $14.1 billion from $13.2 billion at the end of 2024 [14].

Financial Data and Key Metrics Changes - The company reported Q1 revenue of $1.45 billion and non-GAAP earnings per share of $0.55, both exceeding the midpoint of guidance with a non-GAAP gross margin of 40% [6][7][18] - Free cash flow increased by 72% year over year to $455 million, representing 31% of revenue [18][26] - GAAP gross margin was 20.3%, while non-GAAP gross margin was down 530 basis points sequentially and 590 basis points year over year [24][26] Business Line Data and Key Metrics Changes - Automotive revenue was $762 million, a 26% sequential decline, while industrial revenue was $400 million, down 4% sequentially [21][22] - Revenue for the Power Solutions Group (PSG) was $645 million, a decrease of 20% quarter over quarter, and for the Analog and Mixed Signal Group (AMG) it was $566 million, down 7% quarter over quarter [23] - The Intelligent Sensing Group (ISG) revenue was $234 million, a 23% decrease quarter over quarter [23] Market Data and Key Metrics Changes - The company noted early signs of stabilization in the industrial market, particularly in traditional industrial sectors [8][64] - In the automotive sector, leading OEMs are adopting silicon carbide technology, with expectations of significant growth in the Chinese EV market [11][80] Company Strategy and Development Direction - The company is focused on streamlining operations through a "fab right" approach and investing in R&D to enhance gross margins as the market recovers [7][17] - A restructuring initiative led to a 9% reduction in the global workforce, expected to generate approximately $25 million in savings [20] - The company aims to increase share repurchase to 100% of free cash flow for 2025, with $1.5 billion remaining on the repurchase authorization [19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery in certain markets, particularly industrial, while acknowledging ongoing inventory digestion and customer caution [8][9][64] - The geopolitical environment and tariff policies were highlighted as potential risks, but management expects minimal direct impact on the business [8][105] Other Important Information - The company anticipates Q2 revenue in the range of $1.4 billion to $1.5 billion, with non-GAAP gross margin expected between 36.5% and 38.5% [29] - Capital expenditures for Q1 were $147 million, with inventory down by $164 million quarter over quarter [27] Q&A Session Summary Question: Why is the revenue guidance flat compared to peers? - Management indicated that the difference is due to exposure to different end markets, particularly the automotive sector, which has not yet seen recovery outside of China [33][34] Question: What metrics should be used to think about gross margin? - Management stated that for every point of utilization increase, gross margin improves by 25 to 30 basis points, with expectations for improvement as the market recovers [35][36] Question: What has changed regarding pricing? - Management noted that pricing is being used as a tool to defend market share amid a prolonged downturn, with expectations of low single-digit pricing declines [42][43] Question: Update on the non-core business exit? - Management confirmed plans to exit the non-core business, with approximately $50 million already walked away from in Q1, expecting to exit around $300 million by year-end [52][55] Question: What is the outlook for silicon carbide growth? - Management remains bullish on silicon carbide, expecting to maintain and increase market share, particularly in the EV market in China [56][92] Question: What is the status of inventory management? - Management indicated a disciplined approach to channel inventory, with no significant changes expected in distribution inventory levels [68][70]

Core Insights - GoDaddy (GDDY) reported Q1 2025 earnings of $1.27 per share, missing estimates by 5.93% but showing a 17.6% year-over-year increase [1] - Total revenues reached $1.2 billion, exceeding estimates by 0.6% and increasing 7.7% year-over-year [1] - The total customer count decreased by 2.4% year-over-year, totaling 20,484 customers [1] Revenue Breakdown - Applications and Commerce (A&C) generated $446.4 million, contributing 37.4% to total revenues, with a year-over-year increase of 16.5% [2] - The Core Platform, which includes domains, hosting, and security, increased 3.1% year-over-year to $747.9 million, contributing 62.6% to total revenues [2] - International revenues reached $388.8 million, up 10.2% year-over-year [3] Financial Metrics - Total bookings were $1.4 billion, reflecting a 7.9% year-over-year increase [3] - Average revenues per user (ARPU) were $225, up 9.2% year-over-year [3] - Annualized recurring revenues (ARR) totaled $4.05 billion, increasing 7.5% year-over-year [3] Operating Performance - Normalized EBITDA was $364.4 million, up 16.4% year-over-year, with a margin expansion of 230 basis points [5] - Operating income increased by 40.6% year-over-year to $247.3 million, with an operating margin of 20.7% [6] - Operating expenses rose 3.3% year-over-year to $473.6 million, but as a percentage of revenues, they contracted to 39.7% [5] Cash Flow and Balance Sheet - As of March 31, 2025, cash and cash equivalents were $719.4 million, down from $1.1 billion at the end of 2024 [7] - Total debt stood at $3.8 billion, with net debt at $3.1 billion [7] - Free cash flow for Q1 was $411.3 million, up 25.6% year-over-year [7] Future Guidance - For Q2 2025, GoDaddy expects revenues between $1.195 billion and $1.215 billion, indicating a year-over-year growth of 7% at the mid-point [8] - The company anticipates normalized EBITDA margin of 31% for Q2 [9] - For the full year 2025, GoDaddy reaffirms revenue guidance of $4.86 billion to $4.94 billion, with expected growth of 7% at the mid-point [10]

Financial Data and Key Metrics Changes - The company reported adjusted net income of $1.6 billion and generated free cash flow of $1.3 billion in Q1 2025, highlighting strong financial performance [6][14] - Adjusted earnings per share were $2.87, and adjusted cash flow per share was $5.90 [14] - The company returned $1.3 billion to shareholders through dividends and share repurchases, demonstrating commitment to value creation [6][14] Business Line Data and Key Metrics Changes - The first quarter saw strong performance across the multi-basin portfolio, with production and cash operating costs exceeding targets [5][18] - The company plans to maintain oil production levels throughout 2025 while optimizing capital investments, expecting approximately 2% year-over-year oil growth [8][19] - The Dorado dry gas asset in South Texas showed improved productivity, contributing to overall volume outperformance [18][20] Market Data and Key Metrics Changes - Global oil demand remained strong, while U.S. supply growth moderated, supporting a positive medium to long-term outlook for oil and gas [9][10] - The company anticipates a compound annual growth rate of 4% to 6% in natural gas demand through the end of the decade, driven by LNG and increased power demand [11] Company Strategy and Development Direction - The company emphasizes capital discipline and operational excellence as core pillars of its value proposition, optimizing capital investments to enhance shareholder returns [7][27] - EOG is pursuing organic exploration programs and strategic bolt-on acquisitions to expand its inventory and improve productivity [12][22] - The company is committed to sustainability, aiming to reduce GHG emissions intensity by 25% by 2030 and maintain near-zero methane emissions for 2025 [25][26] Management's Comments on Operating Environment and Future Outlook - Management remains constructive on oil and gas's role in providing reliable low-cost energy, despite near-term price speculation due to tariff discussions [10] - The company is well-positioned for future cycles with a strong financial position and low-cost structure, allowing flexibility in capital allocation [7][19] - Management expressed confidence in the ability to generate free cash flow and maintain shareholder returns even in a challenging macro environment [32][35] Other Important Information - The company has reduced its 2025 capital investment plan by $200 million, now expecting to generate $4 billion in free cash flow at $65 WTI and $3.75 Henry Hub [15][16] - EOG's cash balance at the end of Q1 was $6.6 billion, with long-term debt at $4.7 billion, indicating a strong balance sheet [16] Q&A Session Summary Question: Insights on capital reduction decision - Management clarified that the decision to reduce capital expenditures is a function of capital discipline to protect shareholder returns rather than a reflection of deteriorating economics [31][32] Question: Future cash return strategy in a tougher macro environment - Management reiterated their commitment to returning over 100% of free cash flow to shareholders, remaining opportunistic with share buybacks [34][35] Question: Clarification on cumulative free cash flow targets - Management indicated that the three-year cumulative free cash flow scenario is not guidance but reflects a directionally accurate outlook based on current performance [39][40] Question: Acquisition opportunities in a downturn - Management stated that they do not see buybacks and acquisitions as mutually exclusive, focusing on creating shareholder value through both avenues [50][51] Question: Long-term growth outlook for Trinidad assets - Management expressed confidence in the Trinidad assets, highlighting consistent investment and operational expertise in the region [54][55] Question: Capital allocation in a weak oil market - Management remains optimistic about natural gas and is focused on maintaining low-cost structures while investing in gas assets like Dorado [58][60] Question: Returns comparison between Dorado and oil plays - Management confirmed that Dorado offers compelling returns at $4 gas, comparable to oil plays at $55, emphasizing the importance of low-cost reserves [69][70]